The CBD industry is booming, with users of the popular cannabinoid spanning different countries and demographics. Sellers of CBD products are cashing in on the health craze, with CBD products flying off the shelves faster than ever before. If you’ve ever considered having your own CBD business, but just don’t know how to do so affordably, CBD dropshipping may be the answer you’ve been looking for. Let’s take a deeper look at CBD dropshipping in the UK and why you should consider it for your business.
CBD Dropshipping in the UK
What Is Dropshipping?
Dropshipping is an order fulfilment method where the seller does not keep products in stock, but outsources the storage and shipping of products to a third party.
The order is shipped directly from the manufacturer to the buyer, without the seller handling it themselves.
Can You Dropship CBD?
Currently, it is legal to dropship CBD in both the US and Europe. Dropshipping is a simple method that makes getting into the CBD market much easier. To understand how it works, take a look at the following four simple steps describing the dropshipping process:
- Customer places an order online
- The store sends the order to the dropshipping supplier
- The dropshipping supplier prepares the order
- The dropshipping supplier ships the order directly to the customer
This quick and easy process will help you start your very own CBD dropshipping business in no time.
Benefits of Dropshipping for Businesses
A dropshipping business model is ideal for entrepreneurs or startups who want to test out business ideas without significant repercussions, allowing them to learn more about the market and the products they are interested in selling. Here are a few other reasons for considering dropshipping for your business:
Lower startup costs
CBD dropshipping companies don’t have to invest capital in inventory or a location to store it. This means they save on having to hire staff to fulfil orders. They also don't have to purchase a product unless the customer has already paid for it. All of this means that you can start a dropshipping business even if you don't have the money to start a traditional business.
Easy to start
It’s much easier to start a business when you don’t have to deal with or manage a physical inventory of products. With dropshipping, you can cut corners and not worry about things such as - packing orders / shipping orders / tracking orders / dealing with returns. Dropshipping cuts out a lot of the hassle when starting up and gives you time to focus on more critical aspects of your business.
Since the business is not committed to selling a certain amount of products from an inventory paid for up-front, there is much less risk involved when starting a dropshipping business or testing new products.
Dropshipping allows your business to operate from anywhere, offer various products, and change offerings at the drop of a hat if needed. As long as you have internet access to communicate with your customers and sellers, you can run your business from anywhere, even from your very own home.
Easy to test
As mentioned above, the biggest benefit of dropshipping is the ability to offer and sell products without committing to buying a large amount of stock. It is especially useful for new businesses or aspiring entrepreneurs, as it is much easier to test what customers want and to do market research with dropshipping.
Low overhead expenses
Overhead expenses are very low with dropshipping, since you don't have to manage a warehouse or buy stock yourself. Many dropshipping stores are run from homes, using only a laptop and an internet connection, with few recurring costs.
You can easily adjust dropshipping as your business grows. With traditional business models, when you gain an increase in customers or stock, your workload is also increased. However, this is not the case with dropshipping. While there will still be more to manage, there won’t be too big an increase in workload compared to more traditional models.
Offer a wider range of products
Since you don’t need to buy all the products you plan to sell up-front, you can offer a much higher amount of products for sale. If the supplier has an item you wish to sell, simply list it on your website. With dropshipping, even small businesses can have a broad product offering.
CBD Dropshipping in the UK
How to Dropship CBD Oil
How to Dropship CBD Oil
Dropshipping CBD is much easier than you think and can be done in just a few simple steps. If you’re new to the industry and interested in how it works, here’s how to legally dropship CBD.
1. Register your business
Like starting any online business, you need to register your business and obtain all necessary documents and certificates for your business to operate legally. These requirements vary depending on your location. Therefore, it is your responsibility to ensure that you abide by the rules and regulations of your locality.
2. Choose a CBD Dropshipping Program From Reliable CBD Dropshipping Suppliers in the UK
You must choose a dropshipping program from a reputable supplier you know you can trust. While there seem to be a limitless amount of CBD dropshipping suppliers, many aren’t what they seem, with some more trustworthy than others.
Remember, the seller you choose will decide whether your products are high quality and legal.
At CannMed, we offer both CBD white label and wholesale products. All our products are British made, and over 90% are vegan, organic and cruelty-free. We provide a range of CBD infused products, namely: